As more states legalize cannabis to some degree, the resulting patchwork of laws becomes ever more difficult to navigate for financial institutions, regulators, entrepreneurs, legislators, journalists, and consumers. Some states continue to wrestle with legalization, while others have moved on to addressing labeling, marketing, and financial concerns.
The Cannabis Group at Ballard Spahr therefore created the Cannabis Legislation Tracker, a technology solution to keep all current and aspiring stakeholders in this multibillion-dollar market up to date. This resource, available to anyone with an interest in this evolving industry, shows both existing law and pending legislation across the United States. It is designed to be a user-friendly reference for quickly spotting emerging issues. The ever-shifting legal landscape reflected by the Tracker will continue to impact the Bank Secrecy Act/Anti-Money Laundering considerations of financial institutions working with — or considering working with — the cannabis industry, a topic which we frequently discuss in this blog.
The Tracker is now available directly on the home page of Money Laundering Watch, through an image linking directly to the Tracker. If you are on your laptop, you will see the link in the right-hand column of the page. If you are on your phone, please scroll down to the bottom of the page to find the link.
If you would like to remain updated on these issues, please click here to subscribe to Money Laundering Watch. To learn more about Ballard Spahr’s Anti-Money Laundering Team, please click here. To learn more about Ballard Spahr’s Cannabis Group, please click here.